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Articles by Deepesh Jagwani

How are Dividends Taxed?

Deepesh Jagwani 25 May 2020 at 10:10

Finance Act 2020 abolishe dividend distribution to tax shifts the burden of tax on dividend over the shareholders. Finance Act proposes for moving towards classical system of taxing dividends in the hands of shareholders/unitholders. The dividend is income in the hands of shareholders and not a company. Therefore, the incidence of tax should fall on the shareholders.